News & Insights

Markets
SFIX

Stock Alert: Stitch Fix Slips On Wider Loss Than Estimates

September 23, 2020 — 09:54 am EDT

Written by RTTNews.com for RTTNews ->

(RTTNews) - Shares of online personal styling service, Stitch Fix, Inc. (SFIX) are down more than 9% Wednesday morning on wider than expected fourth-quarter loss.

The company reported quarterly net loss of $44.47 million or $0.44 per share compared with earnings of $7.18 million or $0.07 per share. Analysts polled by Thomson Reuters were expecting the company to report loss of $0.16 per share for the quarter.

Quarterly revenue on an adjusted basis, however, rose 11% year over year to $443.4 million.

SFIX is currently trading at $28.31. It has been trading in the range of $10.90- $31.60 in the past one year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

Markets
RTTNews
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
More articles by this source ->

Stocks mentioned

SFIX

More Related Articles

Info icon

This data feed is not available at this time.

  • •

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.